The world of banking and finance has undergone a significant shift in recent years with the rise of fintech products and services. Now, the industry is taking things to the next level with the emergence of embedded fintech. Banks are increasingly evaluating this new approach to extend their brand and presence into new areas of customers’ lives. In this article,
Clear Street, a New York-based fintech start-up, has raised $270 million in the second tranche of its Series B funding round, bringing the total amount raised to $435 million. With this latest funding, Clear Street’s valuation is now $2 billion. Growth equity firm Prysm Capital led the latest funding round. Clear Street’s funding round Clear Street has raised $270 million
Bankjoy, a digital banking provider, announced an integration with Fiserv Portico, a full-service account processing system. The integration will enable credit unions that work with Fiserv Portico to offer their members an online and mobile banking experience with a modern, intuitive UX. Benefits of Integration for Credit Unions and Their Members This integration will have a significant impact on both
Peer-to-peer (P2P) payments are becoming increasingly popular as people move away from traditional payment methods such as cash and checks. While P2P payments are convenient and easy to use, they also come with some challenges, particularly in terms of interoperability between different payment apps. To address this issue, Visa has launched Visa+, a P2P payments interoperability tool. The tool is
The California grocery industry is bracing for potential changes in the wake of Assembly Bill (AB) 647. The bill, authored by Assemblymember Lorena Gonzalez (D-San Diego), presents several amendments for grocery stores and their employees in the event of a change in control. The proposed changes have prompted opposition from several major organizations, including the California Chamber of Commerce, the
India’s digital infrastructure has come a long way since the launch of the Aadhaar initiative in 2009. The country now boasts a network of interoperable platforms that enable digital identity, payments, and data exchange, collectively referred to as the Digital Public Infrastructure (DPI). This infrastructure has evolved to become a sovereign, self-owned technology stack aimed at providing essential services to
The rise of digital convenience has paved the way for non-banking financial providers to take giant leaps in the financial services industry. With the purposeful design of their strategies to meet changing customer needs, neobanks, digital payment apps, and other non-banking financial companies (NBFCs) are outpacing traditional banks. In this article, we will discuss the reasons behind this shift in
The payments industry is on the brink of a major revolution with the launch of FedNow, a real-time payment service by the Federal Reserve. This long-awaited service is expected to accelerate money movement between accounts, transform bill payments, and enable instant payments for various use cases that are yet to be imagined. It is scheduled to go live in July
Axle is a consumer permissioned insurance data company based in Atlanta, Georgia that has raised $4 million in its latest seed funding round. The company’s total funding now sits at $4.5 million. The round was led by Gradient Ventures with contributions from existing investor Y Combinator, Soma Capital, Contrary Capital, Rebel Fund, BLH Ventures, and others. Axle connects individuals’ insurance
The financial industry has undergone a significant digital shift in recent years, with Fintech apps leading the charge. These apps have proven to be extremely resilient to economic pressures, demonstrating their adaptability and innovation in a rapidly changing industry. In this article, we’ll take a closer look at some of the key trends and developments in the Fintech sector, highlighting
In today’s world, international trade has grown to become a major pillar of the global economy. Every year, billions of dollars worth of goods and services are exchanged between countries, creating opportunities for businesses to grow and thrive. However, international trade also comes with its fair share of challenges, chief among them being the issues of security and transparency. Fortunately,
Atradius, one of the global leaders in credit insurance and risk management solutions, has won the prestigious IBS Intelligence Global Fintech Innovation award for Best Risk Management Implementation in the Best Adoption of Tools and Best Practices category. The company was recognized for its innovative utilization of artificial intelligence and machine learning using Temenos Explainable AI (XAI) to reduce risk
